Ford readies for push in EV: Morgan Stanley

Bloomberg

Ford Motor Co is preparing to make a bigger push in electric vehicles (EV), according to Morgan Stanley.
The company doesn’t currently offer any electric cars although it has been heavily investing in such technology. The carmaker’s ongoing discussions with Volkswagen AG promise to take its electric-car ambitions “to the next level,” analysts led by Adam Jonas wrote in a note, adding that such a deal mitigates financial risks from electric car investment.
“While Ford and VW have yet to announce any definitive agreement around joint-BEV development,” Morgan Stanley wrote, referring to battery EVs, “we believe investors should prepare for significant levels of potential collaboration to share development and manufacturing costs.”